Economy

G7 Summit: President Macron and G7 leaders provide Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative with $251 million AFAWA aims to raise up to $5 billion for African women entrepreneurs and the African Development…

The Nigerian National Petroleum Corporation (NNPC) said on Sunday that it had seen a 77-percent jump in the number of cases of oil and fuel pipeline vandalism on its pipeline infrastructure in June.As many as 106 pipeline points were…

The Federal Inland Revenue Service (FIRS) has said that it would start charging Value Added Tax on online transactions, both domestic and international, with effective from January 2020.The Executive Chairman of FIRS, Mr Tunde Fowler,…

China’s currency slid on Monday to its weakest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets.The onshore yuan was around 7.1425 to the US dollar in late morning…

Zenith Bank has appointed Henry Oroh as an executive director.In a statement issued to announce Oroh’s appointment, the bank said the appointment is “consistent with the bank’s tradition and succession strategy of grooming leaders from…

The Nigerian National Petroleum Corporation has released its Monthly Financial and Operations Report for June 2019.See attached documents below:Details later...

State governors, under the auspices of Nigeria Governors Forum , have kicked against the planned demand for repayment of the N614 billion bailout fund offered to 35 states under the National Budget Support Loan Facility.The Federal…

The Federal Government has put in place a committee to facilitate recovery of N614 billion given to 35 states on budget support, reports The Nation.The Minister of Finance, Budget and National planning, Zainab Ahmed briefed State House…

The reappointed Minister of Labour and Employment, Chris Ngige, has pledged to promote industrial harmony and speed up processes for the implementation of the new minimum wage.Mr Ngige, while addressing journalists at his residence…

Investors on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the inauguration and assignment of ministers to various portfolios by President Muhammadu Buhari.The News Agency of Nigeria (NAN) reports that the…